The Redcentric businesses have, since the date to which the latest financial information was included in the Admission Document dated 18 April 2013, continued to renew existing contracts and win new business. Since the demerger on 8 April 2013 the Company has announced the following contract wins, worth approximately £9.4 million of total revenue over five years: · 9 May 2013, a managed Wide Area Network ("WAN") contract with a leading UK mobile and broadband services provider. The deal will cover the monitoring and support of the WAN, managed security services and technology enhancement and management, and is worth approximately £1 million over the next 12 months, and comes after Redcentric was awarded a managed service contract renewal in December 2012 from the same customer · 21 May 2013, a three year managed network and cloud contract with a top automotive company worth approximately £1.1m over the course of the contract, of which approximately £600k is net new business. The agreement is the renewal and expansion of a previous long term network contract, and will see Redcentric provide additional datacentre and network management services to support the client's ambitious growth plans. This contract has grown significantly in scope as a direct result of the successful business transformation that created Redcentric · 21 May 2013, a five year cloud based managed services agreement with a charitable organisation worth approximately £1.1m over the course of the contract. Using its highly resilient cloud infrastructure, Redcentric will provide and manage for the charity a complete hosted virtual infrastructure as well as deliver application layer services. This contract win is testament to Redcentric's compelling, client tailored, cloud offering, and demonstrates success in delivering services aligned to customer needs · 26 June 2013, provision of managed services, networking and connectivity to a property developer in a new three year contract. The deal is worth approximately £4.7m in revenue over the course of the contract. Redcentric's consultancy services will form a key part of transitioning the new customer to its services. · 26 June 2013, an existing governmental customer extended its managed services contract with Redcentric. The Company will continue to provide support and professional services for an additional year in a contract extension worth £1.2m. The Company also signed a further managed service contract with the same customer for £300k to support additional elements of their environment including troubleshooting support and hardware maintenance. The Company has been pleased with the reception which the demerger received in its core markets, with all major clients responding positively to the strength of the combined managed service offering, and the establishment of a clear and focussed identity and corporate presence. |
